Ahlcon Parenterals (India) appoints chairman & MD

The board of Ahlcon Parenterals (India) at its meeting held on 28 September 2012 have approved the transfer of 54,00,112 equity shares of Rs 10 each aggregating to 75% of the paid up capital of the company out of which 15,80,811 equity shares of Rs 10 each aggregating to 21.96% of the paid up share capital of the company have been transferred to public shareholders to B Braun Singapore under the open offer made by B Braun Singapore and 38,19,301 equity shares of Rs 10 each aggregating to 53.04% of the paid up share capital of the company have been transferred from Bikramjit Ahluwalia and persons acting in concert with him to B Braun Singapore.

The board have approved the appointment of Arand Apte, Arun Mudgal and Manfred Mahrle nominated by B Braun Singapore as additional directors on the board of the company. The board also approved the appointment of Arand Apte as chairman and Arun Mudgal as managing director of the company.

The board took note of the resignations of Bikramjit Ahluwalia, Rohini Ahluwalia, Sudarshan Walia and S K Sachdeva as directors on the board of the company.